The company had posted net profit of Rs 128.6 crore in the same quarter of the previous year.

Consolidated net sales of the company rose by 19.38 percent to Rs 1,477.8 crore during the quarter under review, as against Rs 1,237.8 crore in the same period of previous fiscal, Glenmark Pharma said in a BSE filing.

Indian markets have managed to pullback from the quick decline witnessed in August. But, the investors have become very cautious and many of them are confused as well. The market direction is dependent on various factors and many of them are out of control of the companies one may invest in. The risk of war on Syria scared the investors in August and September. The Indian currency also faced one of the fastest falls in the month of August. Investors should be cautious about where they put their money. So, we are presenting some of the stocks which one can invest in medium to long term.

The shares of pharmaceuticals companies recorded a fall today following an order by the Department of Pharmaceuticals that would put price control of drugs and make them cheaper in the country.

According to the latest information available, the prices of 652 formulations under 27 therapeutic areas like anti-allergic (cetrizine), cardiac (aten), gastro-intestinal medicines (ocid), pain-killers (paracetamol) and anti-diabetic drugs (insulin) are expected to come down in the country following the government order.

Glenmark Pharmaceuticals Ltd has said that its US partner, Salix Pharmaceuticals Ltd has received an approval from US FDA for the marketing of Crofelemer 125 mg delayed-release tablets.

The Crofelemer 125 mg tablets are for the symptomatic relief of non-infections diarrhea in patients with human immunodeficiency virus (HIV)/acquired immune deficiency syndrome (AIDS) on anti-retroviral therapy (ART). Crofelemer is a gastrointestinal agent that is made from the Croton lechleri plant, which is found in northwestern South America.

Mumbai-based, Glenmark Pharmaceuticals has entered into an agreement with Forest Laboratories for collaboration for development of inhibitors to treat chronic inflammatory conditions.

Under the agreement, Forest Laboratories will provide a payment of US$ 6 million upfront and will also provide US$ 3 million to support the next phase of work. The company will make other payments during the next financial year to support the advancement of the ongoing mPGES-1 inhibitors programne.

Glenmark Pharmaceuticals has said that its consolidated net profit have risen by an impressive 158 per cent during the second quarter of the current financial year.

The consolidated net profit rose to Rs 1,567.52 million during the second quarter till September, 2012, compared to Rs 558.55 million in the same quarter of the previous year. The net sales of the company increased 18.93% to Rs

Glenmark Pharmaceuticals has recorded a fall of 46.7 per cent in the quarter till December 2011 manly due to the foreign exchange losses.

The Pharmaceutical company recorded a consolidated net profit of Rs 46.11 crore in the quarter compared to Rs. 86.52 crore in the same quarter of the previous year. The company said that it lost as much as Rs. 102 crore on dollar denominated loans due to the fall in the value of the rupee.

Glenmark Pharmaceuticals Ltd has reported a fall of 36 per cent in its net profit in the second quarter of the year.

The fall in profit was mainly due to a one-time royalty-related payment and mark-to-market (MTM) requirements on some foreign currency denominated loans. It had to make a one time payment to of Rs. 131.68 crore during the quarter to exercise purchase option in an agreement with US-based venture fund firm Paul Capital Partners' Royalty Fund.

On Tuesday, Glenmark Pharmaceuticals Ltd. has revealed unaudited consolidated results for the quarter ended June 30, 2011. Further, it stated a net profit of Rs. 2101.08mn ended June 30, 2011 as compared to Rs. 1705.41mn for the quarter ended June 30, 2009 whereas its total income has climbed to Rs. 8808.03mn from Rs. 6948.08mn for the quarter ended June 30, 2010.

Glenmark Pharmaceuticals SA has successfully completed Phase-I clinical trials of its new molecule, GRC 15300, which has been developed for treatment of neuropathic pain. GRC 15300 is a first in–class inhibitor for treatment of pain.

Chairman and Managing Director of the company, Mr. Glenn Saldanha, said that GRC 15300 is the first TRPV3 inhibitor across the globe. Glenmark done its Phase-1 analysis in UK and Saldanha said that they have plans to start the clinical proofing of the study.

Glenmark’s Q3 numbers disappointed on US sales growth front and lower margins. US generic sales grew by mere 8.2% YoY and de-grew 8.8 % QoQ on back of product withdrawal during the quarter and slow pick-up in recently launched products. We expect the company’s US sales to pick-up from Q4 onwards on back of gradual improvement in market share.

Post the negative news flow on Tarka, the stock is trading at 21.2x FY11 and 15.8x FY12 recurring earnings. We recommend Buy on the stock with a target price of Rs332 (ex-Tarka).

Strong growth in all the markets, dip in margins Glenmark’s Q2FY11 results were better than our expectation. Strong 23% sales growth was based on the growth in US (+26%), Europe (+33%) and India (+22%). Lower realisation couple with the change in the product & customer mix dragged the gross margins by 200bps. EBITDA grew by slower rate of 11%. However, lower interest and depreciation translated in 15% growth in PAT.